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, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehr said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the white
, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in...
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. >> reporter: so the first week or real bargaining on the fiscal cliff ended with a loud chorus of "no's." and there are only a few more weeks left to get to yes on some of the toughest policy issues dividing democrats and republicans. darren gersh, "n.b.r.," washington. >> tom: many companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now to pay shareholders, by declaring special dividends. today, whole foods became the latest in a slew of firms opting for one-time payouts. suzanne pratt reports on what's behind these investor pay-days. >> reporter: costco is doing it. brown forman-- the maker of jack daniels and finlandia is also doing it. today, even whole foods is finding it appetizing. they've all announced special dividends, eager to reward their shareholders with a nice check before expected tax increases happen next year. >> current law says that qualified dividend income tax rates are at 15%. and, if no legislation is passed between now and then end of the year, those rates would go up to as high as 43.4%. >> companies jus
. >> reporter: so the first week or real bargaining on the fiscal cliff ended with a loud chorus of "no's." and there are only a few more weeks left to get to yes on some of the toughest policy issues dividing democrats and republicans. darren gersh, "n.b.r.," washington. >> tom: many companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now to pay shareholders, by declaring special dividends. today, whole foods...
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#my2k. >> fiscal cliff was a problem washington created. this is not the 2008 financial crisis where the markets started to crumble and washington had to act. they created this problem. i think one of the reasons why this is so closely watched and we're all so intrigued in it is there's a much bigger fight on the horizon looming, which is the debt limit. part of the reason why people are watching is if they blow up fiscal cliff, if we go over, if this is chaos, if they punt, if it's a small deal, it's going to be a sign that we're not going to get the deficit reduction that we need. >> and that's the challenge for the president. because, yes, he does have all the leverage. we talked about that. he won the election of course. but this is a test of leadership, and the american public does not want to go over that cliff because, by the way, they want the tax cut for the middle class to remain in place. that's the ultimate cliff there and the bottom line is we don't want those to expire. gwen: as we approach it we begin to try to read the tea l
#my2k. >> fiscal cliff was a problem washington created. this is not the 2008 financial crisis where the markets started to crumble and washington had to act. they created this problem. i think one of the reasons why this is so closely watched and we're all so intrigued in it is there's a much bigger fight on the horizon looming, which is the debt limit. part of the reason why people are watching is if they blow up fiscal cliff, if we go over, if this is chaos, if they punt, if it's a...
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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as democrats and republicans argue over the fiscal cliff here in washington could this be just another attempt by the g.o.p. to shoot santa claus i'll explain what i'm talking about and why you can read more about it in hustler magazine in just a moment. porn it's a multibillion dollar business here in the u.s. while many enjoy watching porn it appears adult film entertains entertainment stars are happier and have a higher self esteem than most women why is this we'll speak with an adult perfect film performer to get some answers. it's friday november thirtieth eight pm in washington d.c. meghan lopez and you're watching r.t. . starting off this hour he's the man who's made a name for himself by sharing explosive government leaks on a secret spilling website known as wiki leaks and is now facing the consequences for those data drops lovemore hatim the press and public can't seem to get enough of wiki leaks co-founder julian assigned his tale after all as one of classified documents innovating authorities in other words the perfect made for t.v. drama and this case is far from over r.t.
as democrats and republicans argue over the fiscal cliff here in washington could this be just another attempt by the g.o.p. to shoot santa claus i'll explain what i'm talking about and why you can read more about it in hustler magazine in just a moment. porn it's a multibillion dollar business here in the u.s. while many enjoy watching porn it appears adult film entertains entertainment stars are happier and have a higher self esteem than most women why is this we'll speak with an adult...
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>> reporter: well, this is washington. the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and cash has been disappearing from their dormrooms all semester. one used an app to find their iphone. now, four players from the division i basketball team are under arrest. faces, covered in shame. hiding tears as they leave a long island courthouse. another man, pushing and even taking swings at a cameraman as he storms out of court
>> reporter: well, this is washington. the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused...
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and while everyone in washington is acting rather childish about the fiscal cliff, this is not child's play. 33 days left. and the u.s. ambassador to the u.n., susan rice, facing new scrutiny today from democrats. this time about her personal investments. and the number of drones has surged. the newest versions, though, pretty incredible. they look like a cheetah and a fish. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, hey, washington stop playing battleship. yes. battleship. we went out and bought it because we wanted to remind you, the kids game where the goal is, i'll read it, can you sink your opponent's fleet before your opponent sinks yours? pretty perfect. this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again,
and while everyone in washington is acting rather childish about the fiscal cliff, this is not child's play. 33 days left. and the u.s. ambassador to the u.n., susan rice, facing new scrutiny today from democrats. this time about her personal investments. and the number of drones has surged. the newest versions, though, pretty incredible. they look like a cheetah and a fish. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, hey,...
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. >> as washington continues to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. ♪ >> welcome back. got a developing story to talk to you about out of syria right now he where the country's internet service is reportedly back on following a two day nationwide blackout as syrian rebels make a strategic push for, control of an area leading to d
. >> as washington continues to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new...
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these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. why would we want this. and. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly pu
these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s....
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. >> in washington, the calendar is coming ever closer to the fiscal cliff. republicans and democrats, however, are no closer to a deal. treasury secretary timothy geithner presented the president's plan to republicans on thursday and senate minority leader mitch mcconnell laughed out loud when he heard the details. the president wants wealthy americans to pay higher taxes and the republicans say that's a non-starter. >>> a train derailment that leaked chemicals in paulsboro. a state environmental official says a lot of the chemical has dissipated. the derailment is being blamed on a bridge failure this. sent four bridge cars tumbling into the creek and near the delaware river. >>> ford is issuing a voluntary israel of its 2013 escape and fusion models today after reports of engines overheating followed by vehicle fires when the engine is running. no injuries have been report, but if you own one of these models, ford advises you to contact your deal immediately for alternative transportation which ll be provided at no cost. repair procedures not yet known. >>
. >> in washington, the calendar is coming ever closer to the fiscal cliff. republicans and democrats, however, are no closer to a deal. treasury secretary timothy geithner presented the president's plan to republicans on thursday and senate minority leader mitch mcconnell laughed out loud when he heard the details. the president wants wealthy americans to pay higher taxes and the republicans say that's a non-starter. >>> a train derailment that leaked chemicals in paulsboro. a...
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we begin this morning with the so-called fiscal cliff one from today unless washington gets its act together 90% of americans will see their taxes rise as a series of tax increase and spending cuts take effect. yet negotiations between the white house and congressional republicans are at a standstill. anna werner is in our washington bureau. good morning. >> reporter: good morning. unless congress comes to an agreement on the fiscal cliff it would mean a tax hike plus some $65 billion would be cut from the pentagon and other government agencies. both sides are hoping for a compromise. but so far all there's been is debate. >> i've been keeping my own naughty and nice list for washington. >> reporter: president obama took his fight to the public while visiting a toy company in pennsylvania where he warned republicans not to play scrooge. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of republicans to hold middle class tax cuts held hostage. >> reporter: the white house proposal includes $4 trillion in deficit reduction, $400 billion in cuts to entitlemen
we begin this morning with the so-called fiscal cliff one from today unless washington gets its act together 90% of americans will see their taxes rise as a series of tax increase and spending cuts take effect. yet negotiations between the white house and congressional republicans are at a standstill. anna werner is in our washington bureau. good morning. >> reporter: good morning. unless congress comes to an agreement on the fiscal cliff it would mean a tax hike plus some $65 billion...
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up next, president ama meeting with everyone about the fiscal cliff, everyone except for the leads in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will how you what some suspect about the math in d.c. in the "chalk talk" next. ♪ lou: we have a national debt net of $16 trillion. we want to do a little something in that "chalk talk" tonight to bring some simple math home, primarily for the benefit of those we elected to represent us in washington d.c. and if cbo, a congressional budget office projections are right, that 16 will be a trillion dollars higher next year. if the fiscal cliff is avoided, the federal government is expected to spend, let's do it this way, over three and a half trillion dollars. that's a lot of money, especially since they are only collecting to one-half in revenue and taxes. that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the pres
up next, president ama meeting with everyone about the fiscal cliff, everyone except for the leads in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will how you what some suspect about the math in d.c. in the "chalk talk" next. ♪ lou: we have a national debt net of $16 trillion. we want to do a...
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save the best for last. >> eliot: is anyone else sick of talking about the fiscal cliff? a year ago facing a stagnant economy and long term deficit everybody in washington agreed they should come together make the tough decisions that had to be made. something that would provide short-term stimulus but long-term debt relief. after all we all knew something had to be done. the health of our nation depended on it. washington, surprise surprise, decided to delay for the umpteenth time kicking the proverbial can down the road. then the campaign really heated up and we were told we would have our sweet relief after the election. finally the story went voters would provide clarity, a choice played out across the country that would deliver the elusive answers. what are we getting? endless posturing, game playing and the same rhetoric over and over again. both sides standing up and preening themselves campaign style as if they expect the public to pay attention and give deference to the repetition of the same ideas. i for one are tired of it. americans have been poked and prodded
save the best for last. >> eliot: is anyone else sick of talking about the fiscal cliff? a year ago facing a stagnant economy and long term deficit everybody in washington agreed they should come together make the tough decisions that had to be made. something that would provide short-term stimulus but long-term debt relief. after all we all knew something had to be done. the health of our nation depended on it. washington, surprise surprise, decided to delay for the umpteenth time...
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. >> we are also talking about as julia was commencing there the fiscal cliff now what washington the gridlock means i think it's most telling because what senator matt baucus from montana said we have 31 days left yet. we are not near a deal yet. we can't expect any sort of a deal with any weeks before christmas i would think. >> the big knock on the president through the this process has been a failure to lead. i think one that sticks rather well. because, instead of sitting down with john boehner. instead of trying to hash something out. he is out there again campaigning, gives speeches, instead of being the one that sits down and gets this deal down. here is the president on again what appears to be the campaign trail yesterday in pennsylvania. >> santa delivers everywhere, i have been keeping my own naughty and nice list for washington. >> [ laughter ] >> you should keep your eye hun gets some connects this year. some members of congress who get them and some who don't. i'm ready to sign it. there are no shortage of pens in the white house. and i carry one around for an emergency
. >> we are also talking about as julia was commencing there the fiscal cliff now what washington the gridlock means i think it's most telling because what senator matt baucus from montana said we have 31 days left yet. we are not near a deal yet. we can't expect any sort of a deal with any weeks before christmas i would think. >> the big knock on the president through the this process has been a failure to lead. i think one that sticks rather well. because, instead of sitting down...
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up next, president obama meeting with everyone about e fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of eople that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't wt to pay more an you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. citi price rewind. nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all living united. to ensure the acadic success of millions of kids in our communities. all
up next, president obama meeting with everyone about e fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of eople that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. [ malannouncer ] it'that time of year again. time for cii price...
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up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i d
up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz...
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cliff. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that's fair and balanced
cliff. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. i...
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fiscal cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing i
fiscal cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been...
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fiscal cliff. but for some classes, it's been orientation time. that's when new senators learn their way around the capitol. among them is 32-year-old eric swalwell, an alameda county assistant d.a., he defended a fellow democrat in the district stretching from hayward to dublin. i spoke to swalwell earlier this evening from capitol hill. >> congressman eric swalwell, thanks for joining us. >> happy to be here. >> you've been to orientation for a couple weeks. what have you learned? >> this is the end of the second week of orientation. i was here right after the election. now we know where our office is going to be, we've hired staff and i've learned how the house floor proceedings worked, you know, how we can best represent the people in the 15th congressional district. we have a lot of ideas i learned in the campaign, and now we know where to take those ideas, how to make them go through the legislative process and get them on the floor, so hopefully my colleagues and i can work together to help
fiscal cliff. but for some classes, it's been orientation time. that's when new senators learn their way around the capitol. among them is 32-year-old eric swalwell, an alameda county assistant d.a., he defended a fellow democrat in the district stretching from hayward to dublin. i spoke to swalwell earlier this evening from capitol hill. >> congressman eric swalwell, thanks for joining us. >> happy to be here. >> you've been to orientation for a couple weeks. what have you...
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emanuel, what happens if we don't have an agreement in washington and we go off the fiscal cliff? what happens to medicare? what happens to the beneficiaries? >> well, we're going to have a very big whack at the system. the important point is it's not going to be strategic. that's not a very good thing. it's not just medicare beneficiaries. in the sequestration, lots of other programs get hit. so you've got to be very careful, here, plus the republicans constantly say we don't want to become like greece. what's driving off the fiscal cliff look like? it makes us look completely irresponsible as if we can't control our own spending and put in order some priorities. >> so some health care will be suffering? >> that's absolutely true. we want to incentive doctors ask hospitals to keep people well. not to just do procedures. and that's the key to really transforming medicare. >> i want to show you a map of the states that are refusing to implement the insurance exchanges. it's rather interesting. the other states are either implementing the exchanges or haven't decided to do that. if
emanuel, what happens if we don't have an agreement in washington and we go off the fiscal cliff? what happens to medicare? what happens to the beneficiaries? >> well, we're going to have a very big whack at the system. the important point is it's not going to be strategic. that's not a very good thing. it's not just medicare beneficiaries. in the sequestration, lots of other programs get hit. so you've got to be very careful, here, plus the republicans constantly say we don't want to...
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let's go back to washington now, though, and little apparent progress on the so-called fiscal cliff talks. actually that's putting it mildly. it appears both sides may be digging in their heels. joining me now, congressional reporter for the washington "post" ed o'keefe and washington reporter for the hill, amie parnes. amie let's get with the president's proposal first. it includes $1.6 trillion tax hikes over ten years, that's raising rates on the top 2%, making over $250,000. now this proposal also calls for $50 billion in immediate stimulus, and $400 million in long-term savings from the entitlement program. the gop says, this is just a wish list for the democrats and a nonstarter. can you explain where we are in all this? >> no, not really, i can't. i mean it's all a big mess right now, you know, they're in a stalemate apparently. the president is kind of optimistic. he says he's optimistic that there's going to be a deal by christmas. reporters are keeping our fingers crossed so we can actually head home for the holidays. i think washington is, too. but i think that, you know, every
let's go back to washington now, though, and little apparent progress on the so-called fiscal cliff talks. actually that's putting it mildly. it appears both sides may be digging in their heels. joining me now, congressional reporter for the washington "post" ed o'keefe and washington reporter for the hill, amie parnes. amie let's get with the president's proposal first. it includes $1.6 trillion tax hikes over ten years, that's raising rates on the top 2%, making over $250,000. now...
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cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the things i agree with. >> it will not kill the economy. >> if you do those tax increases it will. >> i want to make sure. this is a little different point. i hear you on the fiscal cliff, howard. i appreciate respect of you as much as i may disagree. what's really at stake here, one of the things at stake here, steve moore, is the idea that changing taxes, for example raising tax rates on capital and dividend and private equity firms and individuals and small business, that that doesn't matter. and what i'm saying is, when you see
cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the...
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. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice ca
. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest...
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. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed back
. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for...
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. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. >>> in raw politics, with the >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name, lifelock is on guard. and with lifelock's 24/7 alerts, they contact you by text, phone or email as soon as they detect sus
. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. >>> in raw politics, with the >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated...
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. ♪ host: on the subject of the fiscal cliff, john boehner declares a stalemate. this is the headline in an article from politico. the major sticking points remain the same, congressional democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. republicans want to extend tax breaks at all levels. good morning and welcome to "washington journal." we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my j
. ♪ host: on the subject of the fiscal cliff, john boehner declares a stalemate. this is the headline in an article from politico. the major sticking points remain the same, congressional democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. republicans want to extend tax breaks at all levels. good morning and welcome to "washington journal." we are going to be talking about the fiscal cliff, the...
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. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. in a triple action formula to relieve your tough migraines. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally ban
. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of...
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. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [
. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on...
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to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the presi
to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the...
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washington has a lot of work to do to avoid the fiscal cliff and fix our debt issues and i'll keep bringing you the lawmakers, economists, and
washington has a lot of work to do to avoid the fiscal cliff and fix our debt issues and i'll keep bringing you the lawmakers, economists, and
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amid the fierce fiscal cliff fight. after holding a campaign-like stop in pennsylvania friday, the president today is urging congress to extend middle class tax cuts in his weekly address. >> both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. >> the gop is also out today with new criticism of the president's plan. here's republican senator orrin hatch of utah. >> what he proposed this week was a classic bait and switch on the american people. a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending. and an unlimited, unchecked authority to borrow from the chinese. maybe i missed it, but i don't recall him asking for any of that during the presidential campaign. >> joining me now, white house reporter for the "washi
amid the fierce fiscal cliff fight. after holding a campaign-like stop in pennsylvania friday, the president today is urging congress to extend middle class tax cuts in his weekly address. >> both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress...
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> back here at home, issue number one is reaching a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases, if negotiations break down. both sides of the aisle are going straight to the public in order to plead their case or tell us why the other side is to blame. this is president obama a in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. but, it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes that hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are
> back here at home, issue number one is reaching a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases, if negotiations break down. both sides of the aisle are going straight to the public in order to plead their case or tell us why the other side is to blame. this is president obama a in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep...